India needs to improve return on time invested (ROTI) to transform into future, says Uday Kotak

Uday Kotak at GLS

Kotak Mahindra Bank founder Uday Kotak on November 14 said India India needs to improve ROTI (return on Time Invested) if it wants to transform into future.

“If there is one thing for India to transform in to the future, India needs to improve ROTI (return on Time Invested),” Kotak said at CNBC TV18 Global Leadership Summit.

Kotak further added that when we look at execution of projects in our country, anywhere whether private sector or public sector.

The concept of time and importance of return on time invested, India has only 23 years to go and if you want to be developed country with $15,000+ per capita, this kind of ROTI is a tough one.

“We have to move from ‘parathas’, ‘kulcha’s’, to getting really thin good ROTI’s which give us quick results,” he added.

Kotak also said that if India has to become global power, we need to get stronger in defence.

America is now 66 percent of global market-cap. We have to ensure that America under Donald Trump does not make the rest of the world irrelevant, Kotak added.